Category: Business

The findings show that 333 million children worldwide are living in extreme poverty – a decrease of almost 50 million over the course of the past decade.  However, the report’s authors say that millions more should have been lifted out of extreme poverty had it not been for three years of COVID-19-related disruptions. ‘Stalled progress’ […]

French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks. Carrefour is putting stickers on products that have shrunk in size but cost more even after raw materials prices […]

When my family decided to make aliyah, my only stipulation was that we live by the sea. Coming from cold, rainy Manchester, the thought of waking up to the sight of the Mediterranean and sun-drenched beaches was too tempting an opportunity to miss. Armed with this brief, my husband and eldest son embarked on a […]

The OECD has quietly issued a far-reaching “Public Consultation Document” on streamlining the taxation of intercompany “baseline marketing and distribution activities” within multinational groups. Because there is apparently no size limit, these proposals, if adopted, could shake up Israeli and international routine trade and tax across the 143 countries signed up to the OECD/G20 alliance […]

But I ran out of places and friendly faces/ Because I had to be free/ I’ve been to paradise but I’ve never been to me – Charlene: “I’ve Never Been to Me” This week we read a double Torah portion of Nitzavim and Vayelech. It’s the final charge given to the Jewish people by Moses […]

Speaking on the eve of the G20 summit of advanced economies, which will take place in the Indian capital on 9-10 September, Mr. Guterres said global leadership was especially needed in two priority areas – climate action and sustainable development. ‘No time to lose’ “We have no time to lose. Challenges stretch as far as […]

Israeli food tech company SavorEat has joined forces with Sodexo, a global leader in food services and facilities management, in order to introduce SavorEat’s innovative Robot Chef to the American market, beginning with a debut at the University of Denver and followed by another US university campus. SavorEat’s Robot Chef will produce personalized, digitally-manufactured plant-based […]

Israeli defense company Elbit Systems was awarded two defense contracts totaling $200 million to supply military solutions to an unnamed European country, the company announced Tuesday. The NASDAQ-listed defense firm will supply a C4I (Command, Control, Communication, Computers, Intelligence) solution to the customer’s artillery battalions, as well as a Hostile Fire Counter Attack (HFCA) solution. […]

Israeli firm Trucknet will soon see its technology in use in Saudi Arabia by way of a Bahrain-based logistics company’s trucks providing service to US military vehicles.  This is the result of a Memorandum of Understanding signed earlier this week with Cox Logistics W.L.L., a transportation and logistics company with its biggest offices in Bahrain […]

Foreign investments in Israel saw a dramatic 60% decline during the first quarter of 2023, according to a Treasury report revealed by Israel’s chief economist on Wednesday. Preliminary data gathered in 2023 paints a sobering picture of the steep drop in foreign investment transactions, totaling approximately $6.2 billion. The data represents a hefty plummet compared […]